Standard Chartered has announced a partnership with Wise Platform to enhance its cross-border payment service, SC Remit. This collaboration aims to provide faster and more affordable international payments for Standard Chartered's customers in Asia and the Middle East. The bank's clients will be able to send money in 21 currencies, including USD, CAD, EUR, GBP, SGD, HKD, and JPY.
The integration of Wise's infrastructure through the Wise Platform API is set to roll out over the coming quarters. This move is part of Standard Chartered's commitment to delivering efficient international banking services by expanding currency support and market reach.
"We’re continually improving how we deliver exceptional banking experiences for our clients," said Samir Subberwal, Global Head of Wealth Solutions at Standard Chartered. "We chose to partner with Wise Platform due to their extensive currency coverage and stellar cross-border payments experience they are known for."
Steve Naudé, Managing Director of Wise Platform, commented on the partnership: "The partnership with Standard Chartered marks a significant milestone in financial institutions investing in building better international payment experiences for customers."
Wise boasts 65+ licenses and 6 direct connections to payment systems. Approximately 63% of its cross-border payments are completed instantly. Partners benefit from Wise’s global engineering team expertise and dedicated support specialists.
For further information please contact Valerie Tay from Wealth and Retail Banking Communications.